GameStop (GME) Stock Price

Financial Performance

The financial performance of GameStop has been mixed. While the company saw a quarterly revenue growth of 7.8%, it experienced a significant decline in year-over-year revenue by -52%. The gross profit also saw a slight increase from the previous quarter but dropped significantly year over year. Their operating income profit was negative, indicating that they are not making enough money from their operations to cover their operational costs. Their EBITDA ratio being at -0.03 further signals financial instability.

Stock Price and Technical Indicators

The stock price for GameStop is currently experiencing a downward trend, with losses of -12.1% over the last month and -13.9% over the past year, which suggests bearish market sentiment towards GameStop's stock. The RSI value is below 50, indicating that it could be undervalued and may be due for a price correction or reversal. However, its current trading price is below its 200-day moving average, which typically indicates a bearish trend.

Alternative Data Signals

Looking at alternative data signals such as website traffic trends and app downloads provides additional insight into the company's performance and potential future direction. A decrease in monthly web traffic might indicate waning interest in the brand or products while an increase in app downloads could suggest growing customer engagement on mobile platforms. However, with job postings remaining static and having decreased by half compared to last year along with only 19% employees reporting positive business outlook signifies internal challenges within the company.

Social Media Presence

The number of social media followers can serve as an indicator of brand popularity and customer engagement levels; however, these numbers alone do not provide any clear insights into the company's financial health or stock performance. GameStop has seen a slight increase in followers on Twitter and Instagram but a decrease on Facebook over the last 90 days.

Conclusion

In conclusion, while there are some positive signals such as an increase in app downloads and quarterly revenue growth, overall, GameStop's financial performance, declining stock price trend, negative employee outlook, and mixed social media following make the analysis lean towards bearish sentiment for GameStop's stock.

Note: This AI Stock Analysis is based on data as of February 28. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of GameStop (GME), currently trading at $24.75, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.